Private Wealth Asset Management LLC Purchases 20,601 Shares of iShares Bitcoin Trust ETF $IBIT

Private Wealth Asset Management LLC raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 532.2% during the fourth quarter, HoldingsChannel reports. The fund owned 24,472 shares of the company’s stock after acquiring an additional 20,601 shares during the quarter. Private Wealth Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Laurore Ltd bought a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $436,239,000. Schonfeld Strategic Advisors LLC increased its position in iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after acquiring an additional 1,093,183 shares during the last quarter. Sculptor Capital LP increased its position in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after acquiring an additional 1,673,788 shares during the last quarter. 59 North Capital Management LP bought a new position in iShares Bitcoin Trust ETF during the third quarter valued at $169,100,000. Finally, Crcm LP grew its holdings in shares of iShares Bitcoin Trust ETF by 37.7% in the third quarter. Crcm LP now owns 2,214,074 shares of the company’s stock worth $143,915,000 after purchasing an additional 605,992 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $37.01 on Thursday. The company’s 50-day moving average price is $42.23 and its 200-day moving average price is $44.94. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

iShares Bitcoin Trust ETF Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.